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The fund plans to target disruptors in the digital health space that focus on making healthcare more accessible, affordable and simple.
Teladoc reports a net loss of $1.31 per share, a total of $199.6 million.
The AI training provider is the first Lithuanian startup to be selected for the programme and one of several Lithuanian startups to gain funding recently.
Also: UCM Digital Health closes Series A for company growth, MD Ally raises $3.5M in seed round and Votive Health launches with $2.5M.
The company collected $9 million in debt financing from SVB and $12 million in equity investments led by Savitr positions, according to its announcement.
The investment will be used to fund further European expansion.
The new funding will fuel production, engineering and patient engagement development.
StartUp Health's Unity Stoakes joins the MobiHealthNews team to look back at a groundbreaking quarter for investment.
Also: Seqster completes Series A round and Oath Care lands $2M ahead of its launch later this year.
The company was founded in 2016 by Dr. Nadine Hachach-Haram to enable surgeon collaboration.